Mortgage

Commercial Mortgage Backed Securities Defaults Spiking

Commercial Mortgage Backed Securities

The Great Recession of 2008 is most famous for the massive default rate we saw with mortgage backed securities. Don’t look now, but this problem is back, and in a big way. While just about everyone who was around during the financial crisis before this one, an economic downturn severe enough to not just be […]

Renters on the Brink of a Tidal Wave of Evictions

Renters Evictions

While homeowners have benefited from mortgage deferral payments, deferring paying the rent is a different proposition altogether. Their rising rent bills need to be dealt with or else. As it stands, the month of July is a significant one on the path towards trying to recover from the ravages of our recent economic slowdown due […]

Housing Market Should Hold Up Fairly Well from Crisis

Housing Market

During the last financial crisis, the housing market was ground zero. It’s much more on the periphery this time, and the effects of the lockdown will be more like a stall than a crash. The 2008 financial crisis was brought about entirely from the collapse of the housing market, or more specifically, the collapse of […]

Mortgage Refinancing Picking Up Since Fed Rate Cut

Mortgage Refinance

The Fed cutting the overnight by a quarter point does entice people to do more mortgage financing. This does stimulate the economy somewhat, but also stabilizes it. A lot of people have a mortgage but don’t really realize what shapes mortgage rates. This is good to know if you are wanting to buy or refinance […]

Merrill Offering Rate Discounts to Win Mortgages

Merrill Lynch

Merrill Lynch got stung so badly by holding sub-prime mortgages that they almost went out of business. This time around though, they are eyeing the cream of the crop. Merrill Lynch once lost almost $19.2 billion in just 12 months in the mortgage market, and was among the biggest losers in the subprime mortgage crisis. […]

Are We on The Brink of a Bursting Housing Bubble?

Housing Bubble

Many people worry about the rising home prices of today causing a bubble that is ready to burst. While there may indeed be trouble brewing, real concerns are still quite far off. There are many that are describing the current condition with the housing market a bubble, and perhaps an even bigger bubble than we […]